Monthly Archives: July 2024

Gambling.com Group Limited (NASDAQ:GAMB) Sees Significant Decrease in Short Interest – American Banking and Market News

Posted: July 20, 2024 at 4:19 am

Gambling.com Group Limited (NASDAQ:GAMB Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 349,300 shares, a drop of 5.5% from the June 15th total of 369,700 shares. Based on an average trading volume of 167,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.2% of the companys stock are short sold.

GAMB stock opened at $9.33 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01. Gambling.com Group has a twelve month low of $7.51 and a twelve month high of $14.83. The companys 50 day moving average is $8.10 and its two-hundred day moving average is $8.72. The stock has a market cap of $347.26 million, a P/E ratio of 19.04 and a beta of 0.85.

Gambling.com Group (NASDAQ:GAMB Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.20 earnings per share for the quarter, topping analysts consensus estimates of $0.14 by $0.06. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. The company had revenue of $29.22 million for the quarter, compared to analysts expectations of $28.35 million. Research analysts expect that Gambling.com Group will post 0.76 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Gambling.com Group from $16.00 to $13.00 and set a buy rating on the stock in a report on Friday, May 17th. Craig Hallum reduced their target price on shares of Gambling.com Group from $15.00 to $12.00 and set a buy rating on the stock in a report on Friday, May 17th. Finally, B. Riley reduced their target price on shares of Gambling.com Group from $14.50 to $13.00 and set a buy rating on the stock in a report on Friday, May 17th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has a consensus rating of Buy and a consensus price target of $14.60.

Read Our Latest Research Report on Gambling.com Group

(Get Free Report)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.

Receive News & Ratings for Gambling.com Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gambling.com Group and related companies with MarketBeat.com's FREE daily email newsletter.

View post:

Gambling.com Group Limited (NASDAQ:GAMB) Sees Significant Decrease in Short Interest - American Banking and Market News

Posted in Gambling | Comments Off on Gambling.com Group Limited (NASDAQ:GAMB) Sees Significant Decrease in Short Interest – American Banking and Market News

Ex-LSU receiver Kayshon Boutte’s gambling-related charges have been dropped – NOLA.com

Posted: at 4:19 am

Louisiana has dropped all gambling-related charges against former LSU wide receiver Kayshon Boutteafter an investigation found his wagers did not cause anyone financial harm and he agreed to a "self-ban" on sports betting.

Assistant District Attorney Tracey Barbera confirmed the decision to drop Boutte's case Tuesday after ESPN first reported the news. Barbera said in a statement that while there is "undisputed evidence" Boutte made underage bets, no one suffered financial loss as a result and he did not bet against himself or LSU's football team.

"Kayshon Boutte has completed a gambling awareness program and executed self-ban agreements in Massachusetts as well as with FanDuel and BET99," Barbera said. "In light of his mitigatory actions, we do not believe a felony prosecution is appropriate."

In January,Louisiana state police said in an affidavit that Boutte placed thousands of illegal sports bets while he was a player at LSU, including wagers on himself and his team. He was arrested on a felony count of computer fraud and a misdemeanor charge of gaming by an individual under the age of 21.

Boutte allegedly placed nearly 9,000 total bets for over $600,000, using someone else's name and birthday on a FanDuel account linked to his mother's credit card. In the affidavit, police said that 17 of Boutte's alleged bets were on college football games and six involved LSU.

LSU said in a statement in January that it had no evidence that any other athletes at the school had gambled illegally.

Barbera said an investigation by the Louisiana State Police Gaming Enforcement Division concluded that Boutte placed the bets under the age of 21, but "he did not financially benefit from his actions as an LSU football player."

Boutte, a native of New Iberia, signed as a five-star recruit and burst onto the scene as a freshman. Against Ole Miss in 2020, he caught 14 passes for 308 yards and three touchdowns, setting the Southeastern Conference single-game receiving yardage record.

Boutte then caught nine touchdowns in the first six games of his sophomore year but suffered a season-ending ankle injury in a road loss to Kentucky. He struggled to regain his pre-injury form his junior year, finishing with 48 receptions for 538 yards and two touchdowns.

The New England Patriots then selected Boutte in the sixth round of the 2023 NFL Draft. Boutte has two career catches for 19 yards. According to ESPN, he participated fully in the team's spring practices.

Read the original:

Ex-LSU receiver Kayshon Boutte's gambling-related charges have been dropped - NOLA.com

Posted in Gambling | Comments Off on Ex-LSU receiver Kayshon Boutte’s gambling-related charges have been dropped – NOLA.com

State prosecutors drop gambling charges against former LSU receiver Kayshon Boutte – WBRZ

Posted: at 4:19 am

BATON ROUGE Charges have been dropped against former LSU football player Kayshon Boutte in an illegal gambling and computer fraud case, prosecutors said Tuesday.

Boutte, the 22-year-old Patriots wide receiver, was arrested by Louisiana State Police in January. State Police alleged that Boutte lied about his age and placed 9,000 illegal wagers before he turned 21 while he was playing at LSU. Arrest records alleged that Boutte placed multiple bets on himself, including on the 2022 kickoff game between LSU and Florida State.

State prosecutors decided to drop the charges after further examination and actions by Boutte to ban himself from further gambling.

"We have...confirmed that he did not financially benefit from his actions as an LSU football player; he did not bet against himself or his team," First Assistant District Attorney for the 19th Judicial District Tracey Barbera said. "We do not believe a felony prosecution is appropriate."

State prosecutors did say that there was "undisputed evidence that Kayshon Boutte was under the age of 21 when he made these sports wager, (but) no one suffered any financial loss as a result of his conduct."

Boutte, who was drafted by the Patriots in the sixth round after serving as the Tigers second-leading receiver during the 2022 season with 538 yards in 11 games, completed a gambling awareness program and executed self-ban agreements in Massachusetts as well as with FanDuel and BET99, Barbera said.

Since Boutte's arrest, multiple laws have been put in place to crack down on sports betting in the state.

On Aug. 1, proposition bets will be removed from the Official Sports Betting Catalog. Additionally, a law passed in the 2024 legislative session criminalizes sports wagering by a prohibited player.

According to The Associated Press, Boutte was in attendance during the Patriots offseason working program this spring. Coach Jerod Mayo said in May that they were waiting to see what, if anything, the NFL had to say about his case.

Right now, he is out here. We will wait to hear from the league going forward, but hes out here, Mayo said. He is doing a good job for us.

Link:

State prosecutors drop gambling charges against former LSU receiver Kayshon Boutte - WBRZ

Posted in Gambling | Comments Off on State prosecutors drop gambling charges against former LSU receiver Kayshon Boutte – WBRZ

2024 NFL Win Total Best Bets – SGPN

Posted: at 4:19 am

The NFL season is here! The Hall-of-Fame game kicks off next Thursday in Canton to signify the start of the greatest game in the worlds season. Weve spent the entire offseason placing bets on MVP, Offensive Player of the Year, Defensive Player of the Year, and all sorts of things. Now its time to dig into our favorite 2024 NFL win total best bets.

CHECK OUT THE SPORTS GAMBLING PODCASTS DAILY BEST BETS

The Eagles started the 2023 season 10-1, things fell apart quickly, unfortunately for the Eagles. The team ended the season on a 1-5 skid but still managed to surpass this number at 11-6. In 2022, on their way to being the champions of the NFC, the team had a 14-3 record.

This year theyve got the route of veteran coordinators this season, bringing on defensive coordinator Vic Fangio and offensive coordinator Kellen Moore.

The Eagles added Saquon Barkley to bolster their offense and paid both star receivers AJ Brown and Devonta Smith. If Jalen Hurts can get back to his almost MVP level of 2022, this Eagles team could be dangerous fast. They are also my favorite bet to win the Super Bowl at 15/1.

Mike Tomlin has been the head man in Pittsburgh for the last 17 seasons. With Bill Belichicks departure from the New England Patriots, he is now the longest-tenured head coach in the NFL. In those 17 seasons, Tomlin has had a record worse than .500 exactly zero times. So, you are getting him at plus money to win one more game than .500, which hes done 14 times in 17 seasons, including the last four years.

Even with Kenny Pickett, Mason Rudolph, and Duck Hodges at the helm, Tomlin has gotten it done. Now he gets two-time Super Bowl-playing quarterback Russell Wilson and maybe sprinkle in some electric Justin Fields as well. If anyone can make this happen, its Tomlin, who, outside of Andy Reid, is probably the best head coach in the league. Sign me up.

The Colts have actually gone over 8.5 wins in three of the last four seasons. Last year, when Anthony Richardson went down with an injury, Gardner Minshew stepped up and filled in solidly, leading the team to a 9-8 record.

This year, they get Anthony Richardson back, who, in his small sample size, looked like a very explosive playmaker. The biggest question with Richardson is whether he can stay healthy. While staying healthy would be the best thing for this bet, if he doesnt, Joe Flacco is now in town as the backup. We all saw what the 2023 comeback player of the year did, filling in in Cleveland.

The Raiders of Las Vegas went 8-9 last season with Jimmy Garoppolo at the helm for most of the season. Josh McDaniels was fired halfway through the season as owner Mark Davis wasnt happy with the job that was done.

Antonio Pierce took over as the interim head coach and won the hearts and minds of Las Vegas, being rewarded with the interest tag being removed. While Pierce was a great rah-rah get the troops fired up guy last year, his coaching resume lacks big time. His head coaching experience is four seasons on the high school level.

He spent a few years on the staff at Arizona State and just a season and a half as the linebackers coach in Vegas. This just seems like a massive step too fast that is going to backfire. Then they draft another tight end with their first pick in the Draft, and they are relying on either Gardner Minshew or Aiden OConnell to be the guy at quarterback. It just doesnt seem like a seven-win move. Give me the under.

This bet would not hit if Bryce Young found Jordans special water bottle from Space Jam. This team has had more than 5.5 wins once in the last five seasons. Bryce Young did not look good in his rookie season after being drafted as the No. 1 overall pick in the 2023 NFL Draft. The Panthers only won two games in 2023, and their head coach was fired partway through his first season at the helm.

The team traded what ended up being the No. 1 overall pick in the 2024 NFL Draft to trade up and draft Young in 2023. They did trade back into the first round with the Buffalo Bills to get a wide receiver for Young in Xavier Legette.

They also traded for the Steelers Diontae Johnson, so they are trying to give Young some weapons. Until I see Young improve and some stability from the front office, most notably the owner David Tepper, Ill fade the Panthers.

Tennessee is another team with a new head coach, but a bit of a different situation. Their starting quarterback in Will Levis, hasnt proven himself just yet, but hes shown the flashes of being able to take that next step. Mike Vrables time was up and in steps Brian Callahan from the Cincinnati Bengals.

Brian is a package deal, bringing his father Bill, a former NFL head coach and one of the greatest offensive line coaches in NFL history, with him. Will Levis got no time to work the ball last year, landing on his back more than anything else.

Even in a tumultuous season last year, the Titans managed to get to six wins. This is a franchise that doesnt lose a lot of games in general. Before last year, you have to go all the way back to the 2015 season for the last time the Titans won less than seven games in a season.

Continued here:

2024 NFL Win Total Best Bets - SGPN

Posted in Gambling | Comments Off on 2024 NFL Win Total Best Bets – SGPN

Study Reveals Nearly 50% of Adults, 18% of Adolescents Engage In Gambling – Sportscasting

Posted: at 4:19 am

In a recent study published in The Lancet Public Health, a group of researchers documented the prevalence of any gambling activity, specific gambling activities, risk gambling, and problematic gambling among adults and adolescents globally.

In the present study, searches were performed on June 21, 2021, and updated on March 4, 2024. Experts used Excerpta Medica Database (Embase), and Psychological Information Database (PsycInfo databases), and Medical Literature Analysis and Retrieval System Online (MEDLINE).

Non-original research, clinical trials, case-control studies, and studies with fewer than 40 participants were excluded. The risk of bias was assessed using the Joanna Briggs Institute checklist.

Publication bias testing was not conducted. Only representative studies reporting past 12-month gambling behaviors were included in pooled analyses using STATA 18.

The systematic review identified 3,692 papers published since 2010. Of these, 580 reports met the inclusion criteria, with 380 unique representative samples from 68 countries. The study encompassed 3,441,720 individuals.

Furthermore, the samples were predominantly male, with an average age of 29.72 years. The males were mostly from high-income countries as well.

Data was insufficient from central Asia, Pacific Island states, the Caribbean, and with only one sample from the Middle East. However, the study spanned countries containing 43% of the global population.

Adult samples represented 41% of the global adult population from 43 countries. Adolescent samples also represented 50% from 56 countries.

Of the samples, 366 were involved in the meta-analysis, covering 67 countries: 209 on any risk gambling activity, 299 reported on any gambling activity, and 166 on problematic gambling in the past 12 months.

Several methods were utilized to measure risk and problematic gambling. The most common methods used include DSM criteria, the Canadian Problem Gambling Index, and South Oaks Gambling Screen.

Moreover, the study estimated that 46.2% of adults globally engaged in gambling in the past 12 months, equating to approximately 2.3 billion adults.

Men (49.1%) had higher rates than women (37.4%). Australasia had the highest prevalence (70%), while Latin America had the lowest (31.7%). Among adults, 8.7% engaged in any risk gambling. The highest rate was in North America (13.8%) as well.

Problematic gambling was estimated at 1.4%, or 71.7 million people, with the highest rates in North America (1.6%). For adolescents, 17.9% had gambled in the past 12 months. Higher rates were found in North America (33.7%) and lower in Australasia (9.4%).

North America had the highest estimates for any risk gambling (27.8%) and problematic gambling (10.4%).

Boys were more likely than girls to engage in both risk and problematic gambling. Estimates showed that 14.2% of adults who gambled engaged in risk gambling and 2.8% in problematic gambling.

In fact, the highest rates of risk gambling were in Eastern Europe and North America. Plus, Problematic gambling was more common in North America and Eastern Europe.

Among adolescents who gambled, risk gambling rates were higher in North America and Australasia. Though, problematic gambling was highest in Australasia.

Higher estimates of any gambling activity were associated with Australia, Canada, New Zealand, the United Kingdom (UK), and the United States of America (USA).

Additionally, the most common gambling activities among adults were lottery or raffle tickets (44.7%) and instant lottery or win games (23.9%).

Among adolescents, the highest estimates were for instant lottery or win games (13.2%) and lottery (11.0%). Online gambling increased from 5.5% before 2016 to 10.0% after 2020.

According to global gambling prevalence, the study concluded that 46.2% of adults (2.3 billion) and 17.9% of adolescents (159.6 million) gambled in the past 12 months.

As for online gambling, approximately 7.8% of adults and 10.3% of adolescents participate. An estimated 8.7% of adults engage in risk gambling. Of course, about 1.41% experience problematic gambling in online formats.

Read more:

Study Reveals Nearly 50% of Adults, 18% of Adolescents Engage In Gambling - Sportscasting

Posted in Gambling | Comments Off on Study Reveals Nearly 50% of Adults, 18% of Adolescents Engage In Gambling – Sportscasting

All we know about how CSGO skin gambling became an industry – Win.gg

Posted: at 4:19 am

The line between gaming and gambling is hard to draw these days. This reality has created an economy where virtual items have real-world value. Counter-Strike: Global Offensive became the leader of this new school. Ask anyone, this first-person shooter game, which is now Counter-Strike 2, was one of the best games to play, watch, or bet on.

Skins are the online items in question. These digital patterns and colors for weapons have become a currency you can use to place a CSGO live bet online. They are traded, bet, and sold like commodities in the money market. But how did this revolution happen? Discover the process and the role every stakeholder has played in it below.

Once a simple game feature, skins are now the center of a multi-million-dollar gambling industry. Its time to know how they got here and what the future holds.

Skins started with the Arms Deal update

In 2013, Valve Corporation CSGOs creator added something new to the game: skins. These are designs that make your weapon unique and cool. They dont change how you play, but you can show off in style with them. Players could choose from over 100 designs, some of which were rare. The scarce ones became treasures players wanted to collect due to their worth.

Trading them like baseball cards

After their introduction, players started exchanging these items for value. This took place on Steam Marketplace, an online marketplace for gaming gear. However, other websites popped up, simplifying the trade. These new sites had better deals and charged less for exchanges. They also let you turn your skins into real cash, and this attracted a lot of people to it.

Third-parties crash the party

By 2015, platforms outside of Steam let gamers bet their skins on CSGO matches. They also had games like youd find in a casino. There was a catch, though: these sites didnt have the permission to operate. Regardless, they exploded since they allowed you to bet and stand a chance to win using online money. This was the foundation for the huge forthcoming industry.

Expanding market affects the economy

The market grew worldwide between 2016 and 2017. Increased demand meant more websites, and everyone could trade skins and bet, creating another way to make money from the feature. Nearly every gamer was buying and selling these gems like real-world products. The rise of esports contributed to this growth, as many players wanted to create unique characters. All this trading added up to a lot of money.

Controversies trail mainstream media coverage

From 2017 to 2018, skin gambling was a hot topic in the news. It became more popular, but it also made people look more closely at the situation. At the same time, two YouTubers got into trouble for referring viewers to their betting sites. There was public outcry debating what was right and wrong in CSGO betting. It also turned out that underaged players were allowed to gamble without rules in place.

Valves response to legal scrutiny

Valve had to face the moral and legal backlash of the episode. Experts accused the company of enabling illegal betting through its game feature. Although it defeated some lawsuits, the corporation knew things had to change. Third-party platforms were forbidden from accepting skin betting. Valve also changed the games rules to make gambling harder.

Skin punters go off the grid

Valve has tried to stop skin staking since 2019. However, its still going on. Some websites closed, but others just started operating secretly. Theres always a new way to trade and wager this commodity without Steam. It means its hard to stop all the people who still want to bet skins.

Nowadays, skin gambling is more careful because of new regulations. Valve keeps trying to shut down these illegal avenues. Some have exited the industry. Others try to follow the new rules because many still like to gamble with skins. There is no certainty over what will happen with skin punting in the future. Arguments continue about whether its okay and what ought to be the rules. There are also debates about how much it should be controlled.

What are skins and why are they valuable?

These virtual items change the appearance of weapons in CSGO. They reflect your status within the community and are exchangeable for real money.

How did skin betting start?

The process started with the trading and betting of skins on third-party websites. These sites allowed players to wager the item on the outcomes of matches.

Is CSGO gambling legal?

Whether this is legal depends on the region. Many sites use these differences to operate without proper licenses. So its important to understand your areas laws before participating.

See the original post:

All we know about how CSGO skin gambling became an industry - Win.gg

Posted in Gambling | Comments Off on All we know about how CSGO skin gambling became an industry – Win.gg

The siting of an offshore wind port raises new conflicts in Maine – Grist

Posted: July 17, 2024 at 11:42 pm

This story was co-published byEnergy News Network,theMaine Monitor, andGrist.

Ron Huber rifled through a thick folder full of decades of state environmental records outside a community hall in the tiny coastal Maine town of Searsport. For the longtime local conservation activist, the scene inside was a familiar one: Dozens of neighbors, workers, and environmentalists mingled over pizza and coffee, discussing the merits of a proposed industrial project that has potential to transform the local economy, but at the expense of a locally beloved natural area.

Weve seen these things rise and fall many times, Huber said outside the event late this past spring. Conservationists have celebrated over the decades as plans for a coal plant and a liquefied natural gas terminal on Sears Island came and went without success.

This latest proposal presents a new kind of conflict. Rather than pitting townspeople against a corporate polluter, this development would support clean energy and be integral to the states plan for cutting climate emissions.

In May, the state applied for a $456 million federal grant to build a specially designed port on about 100 acres of Sears Island to support Maines nascent floating offshore wind industry. About two-thirds of the 941-acre island is in permanent conservation, and the state retains an easement on the rest, which has been reserved for a potential port for years.

Were not optimistic that this ones going to die under its own weight, Huber said, noting that the offshore wind port has far more popular support than previous development proposals.

Visits to recent community events like this one show that, unlike the polarized fights over clean energy projects in other parts of the country, Maines wind port is creating more personal divides challenging residents values around climate change, conservation, and economic factors. It previews what could be coming as wind grows in the Northeast.

My question is really about why were not actually all on the same team, said Belfast, Maine, resident Julianne Dow inside the community hall, during a Q&A period with New England labor organizers. Im very pro-union, Im pro-offshore wind, and pro having it here, and for the economic benefits for the region. But Im also very pro maintaining Sears Island as a precious Midcoast resource.

Dow and activists like Huber want the port built instead at a Sprague Energy-owned oil and logistics terminal across the water known as Mack Point. It was considered as an alternative in lengthy public processes in recent years, and Sprague and opponents of the Sears Island proposal have continued to urge reconsideration for it so far this summer.

Offshore wind has taken some big steps forward in Maine this year. Federal regulators approved a state research array of floating turbines, which generate power in deep waters far offshore, and are nearing leasing for commercial projects. A new state law calls for Maine to procure 3 gigawatts of offshore wind by 2040, using union-standard labor to build the projects and a floating wind-focused port.

Formal environmental assessments and site analyses are still pending. But state port authority director Matthew Burns wrote in June that Mack Points physical and logistical constraints, need for significant dredging, and increased costs to taxpayers for land leasing and port construction would result in an expensive and inferior port for Maine compared to a versatile, purpose-built port on Sears Island.

Still, opponents worry that wetlands and forests on Sears Island could be disrupted by port construction, even if most of the surrounding ecosystem remains intact.

Because we have to sacrifice something, lets sacrifice something irreplaceable, instead of cleaning up a dirty old existing port? Huber said outside the event. Thats just ridiculous.

Asked if he saw wind as a climate solution more broadly, Huber began to express doubts about how turbine arrays would affect the ocean ecosystem. Fellow opponent Lou MacGregor of Belfast cut in.

Right now, what were focusing on is protecting Sears Island, MacGregor said. We can get to whether we support offshore wind or not after we protect Sears Island.

Scott Cuddy, who until recently was the executive director of the Maine Labor Climate Council, emphasized at the recent event that his group is agnostic about the ports location, focusing instead on the benefits it could bring. Under Maines wind procurement law, he said, the ports labor standards will be the same wherever it ends up.

We desperately want to see this happen, because we need to fight climate change, and we need to do it with good jobs, Cuddy said.

Cuddy and other labor organizers said state studies indicate that the port project and new wind farms could bring thousands of jobs to coastal Maine towns like Searsport. Local leaders said it could be a boost for shrinking school populations, attracting families to stay in the town long term.

I think theres been a mindset for a long time among kids, especially in rural Maine, like this was the thing I always heard: You got to leave the state if you want to get a good job,' said Sam Boss, the director of apprenticeships, workforce, and equity for the Maine AFL-CIO. Weve got to find ways to keep our people here. And if theres good opportunities, people will stay for them.

Boss, Cuddy, and others answered locals questions about plans for training programs for young people to enter the trades, and the family-sustaining wages and benefits promised by the growing wind industry both in short-term construction positions and into the future.

These are the skills that pay the bills, and theyre skills that dont go away. The work might change you know, we went from nuclear power plants, to now were doing offshore wind power development. But the skills are transferable, said Nicki Kent, a union electrician who came to talk about her experience working on offshore wind in Rhode Island. Weve just got to get screwdrivers and wrenches into kids hands.

Belfast resident Daniel Cowan was taking diligent notes on the back of an envelope while his teenage sons listened from the audience. A Navy veteran now pursuing a degree through the GI Bill, Cowan said he was curious about the possibility of wind industry jobs that could help him and his kids stay in Maine.

Cowan empathized with attendees who were opposed to building the port on Sears Island, but said he thought the projects benefits sounded like they would outweigh the costs.

Youre going to destroy something no matter what you do. I love Sears Island, I think its great, I love walking my dogs out there. But I dont think thats going to change, he said. The world is coming to an end one way or another, and how fast we get there makes a difference.

The island itself is connected to the mainland by a long causeway, bisected at its start by rail lines that snake around the coastline toward nearby Mack Point. The causeway juts out into Penobscot Bay, and Sears Island opens up at its end, an oval of land covered in trees and flanked by sandy, seaweedy shores.

On a Saturday morning not long before the Searsport labor dinner, a large group of birders gathered at the gate where the causeways pavement continues into the forest. They had come to scout for the tiny, colorful songbirds that rest on the island each year amid long migrations between Canada and the tropics.

Near the edge of the woods, someone had spray-painted the asphalt road with Wassumkeag, the Indigenous Wabanaki name for the island. Hand-lettered signs with the web address for the advocacy group Alliance for Sears Island read, Wind power = Good? On Sears Island = Bad!

The state does not plan to site wind turbines on Sears Island itself. Workers at the proposed port would help build and assemble towers and blades in pieces, towing them far out to sea for final assembly.

Still, anti-wind groups have seized on the proposed project. Lobstermen affiliated with the New England Fishermens Stewardship Association, or NEFSA, a Maine-based advocacy group founded in 2023 that focuses partly on opposing offshore wind, spoke out against the port at the recent jobs event.

My concern is only that in trying to affect climate change, that were going to cause more damage to the environment than climate change is already causing, said NEFSA officer Dustin Delano, a commercial fisherman from Friendship, Maine.

NEFSA has since posted signs where the island causeway intersects with the heavily trafficked Route 1 that read, Keep Sears Island wild. Similar signs showing a crossed-out wind turbine bore the name of Rhode Island-based Green Oceans. Since its founding in 2022, it has focused mostly on opposing Revolution Wind, currently under construction in waters between Rhode Island and Connecticut.

Many who joined the recent birding trip seemed unaware that Maines plans for Sears Island did not involve actually erecting turbines there or close to shore. Others expressed doubts about wind generally. Some did not want to discuss the issue at all, focusing instead on peering through binoculars at the Northern parula, black-throated green warbler, or hermit thrush chirping in the trees along the road.

A few people mentioned concerns that wind projects could harm whales. Scientists have found no evidence to support this claim, which has been linked to fossil fuel-funded disinformation campaigns. Green Oceans campaigns in Rhode Island have mimicked the delay and disinformation strategies of climate denialist groups like the Texas Public Policy Foundation, according to Brown University research.

The threat of climate change to ecosystems like Sears Islands, meanwhile, is very real. The Gulf of Maine is one of the fastest-warming water bodies in the world, swelling sea levels, threatening the lobster fishery and leading to more frequent, destructive storms. Maine saw a state-record four federal disaster declarations in 2023 and has received two more already this year.

The warming trend may affect the migratory birds that draw crowds to Sears Island each year. Warming temperatures are reshaping the length and timing of Maines seasons, which, combined with declines in insect populations driven by agriculture and other factors, could threaten the birds success, studies show.

If you look at decades and decades of patterns, youll see that birds are arriving one to two weeks earlier, said William Broussard, a Midcoast Audubon board member who led the recent Sears Island trip. If they get here early, they might not have the insects that they depend on to be out, because maybe the trees arent leafing out and that can be really tough.

Midcoast Audubon hasnt taken a position on the wind port issue. Its a chapter of Maine Audubon, which separately supports the project but is not advocating for one site over the other. Maine Audubon is likewise independent from the National Audubon Society, which advocates for responsibly sited renewable energy, including wind, as a climate solution.

Marge Stickler, a birder from Belfast, said she wished the port would be built at Mack Point instead. I have mixed feelings about what theyre doing here, she said. I love coming here Its a special place.

She had read an opinion piece earlier this year by activist Bill McKibben, founder of the climate groups 350.org and Third Act, that urged Mainers to support the wind port even on Sears Island. McKibben wrote for Mother Jones last year that solving climate change will require a new yes in my backyard mindset.

McKibben wrote that you have to look at the climate as a whole, and this may be a good thing to have here, Stickler said. Im not sure why did he write that for Maine, he lives in Vermont but he said its better to have it and its better to have it here, maybe.

Dave Andrews, a retired engineer from South Bristol, Maine, struck a different tone as he trailed after the other birders. Hed worked on Superfund cleanups and brownfield solar projects in his career, and said hed often heard not in my backyard sentiments from neighbors who were worried about viewshed impacts or a change in a places character.

If its a Walmart shopping center, I guess you have a valid statement, he said. But when it comes to something like this, this is a different balance.

Andrews called the ports siting a terrible dilemma. But he felt swayed by the urgency of climate change and the fact that the project would leave much of Sears Island intact. As permitting and siting progress in the coming months, he said he hoped others who love the island would be able to accept the sacrifice.

I dont think there is a choice, he said.

This story was updated to clarify Maine Audobons position on the project, and corrected Scott Cuddys role.

Read this article:

The siting of an offshore wind port raises new conflicts in Maine - Grist

Posted in Offshore | Comments Off on The siting of an offshore wind port raises new conflicts in Maine – Grist

Offshore wind giants awarded licences for major projects in Australias Bass Strait – Windpower Monthly

Posted: at 11:42 pm

A total of 12 offshore wind farms in the region have now been awarded feasibility licences by the Australian government, with the planned projects backed by a range of major wind developers, including rsted, Iberdrola, Copenhagen Infrastructure Partners (CIP) and Corio Generation.

Australia is reliant on fossil fuels to meet most of its existing energy demands and aims to pivot to renewables including offshore wind in line with global climate and energy transition goals.

The licences give the developers the exclusive rights to develop offshore wind farms in their respective seabed areas in the Bass Strait off the coast of Gippsland, Victoria, in the south of the country. The Australian government finalised a15,000km2 area for offshore wind development in the region in 2022.

German utility RWE confirmed on Wednesday (17 July) it was one of six developers or consortiums awarded a feasibility licence by the Australian government for its offshore wind project in the Bass Strait.

RWE said it received a seven-year seabed lease and the rights to explore the development of its Kent Offshore Wind Farm, which has a potential capacity of up to 2GW. The project is located around 67km from the coast of Gippsland, with average water depths of 59 metres.

BlueFloat announced its 2.1GW Gippsland Dawn offshore wind project was awarded a feasibility licence in the Bass Strait.The company said the wind farm represents a proposed capital investment of around $10 billion, with a possible construction start date of 2029.

A joint venture between Australian energy firm Origin Energy and UK-based Renewable Energy Systems (RES) also secured a feasibility licence for their 1.5GW Navigator North project in a 700km2 area around 34km from the shore.

Corio Generation's 2.5GW Great Eastern Offshore Wind project, around 22km offWilsons Promontory in Gippsland, was also granted a feasibility licence.

Overall six offshore wind projects were awarded feasibility licences by the Australian government in the latest round of approvals, joining six other projects that were granted licences in May.

The projects awarded licences in the latest announcement were:

They join the following projects that were previously awarded feasibility licences:

Read the original:

Offshore wind giants awarded licences for major projects in Australias Bass Strait - Windpower Monthly

Posted in Offshore | Comments Off on Offshore wind giants awarded licences for major projects in Australias Bass Strait – Windpower Monthly

Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind – Bowling Green Daily News

Posted: at 11:42 pm

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, Canada

Zip Code

Country United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

Go here to see the original:

Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind - Bowling Green Daily News

Posted in Offshore | Comments Off on Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind – Bowling Green Daily News

Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind – El Paso Inc.

Posted: at 11:42 pm

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, Canada

Zip Code

Country United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

Read more here:

Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind - El Paso Inc.

Posted in Offshore | Comments Off on Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind – El Paso Inc.